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Bixby JV Investing $400M into U.S. Industrial Assets
Newport Beach, CA-based Bixby Land Company is partnering with European investor and manager AXA Investment Managers – Real Assets, to acquire as much as $400 million of industrial properties in California, Arizona, Nevada, Oregon and Washington. Bixby already owns and manages roughly $1 billion in industrial and office properties, and the new joint venture is expected to broaden the firm’s capacity to acquire industrial properties in existing target Western U.S. markets at an accelerated pace over the next few years.
Bixby’s Mike Severson says, “Bixby’s venture with AXA IM – Real Assets extends our existing industrial real estate investment strategy, and enables us to consider a higher volume of acquisition opportunities in markets where we have strong relationships, deep market knowledge and a long history of investment activity.”
AXA IM – Real Assets is acting on behalf of one of its clients in the JV.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


